AquaExchange Raises $8 Million in Series B Funding
AquaExchange, an aquaculture technology startup based in Vijayawada, Andhra Pradesh, India, has announced that it has raised $8 million in a Series B funding round. The round was co-led by Endiya Partners and Factor Analytics, with participation from Accion Ventures. AquaExchange focuses on modernizing the seafood and animal protein supply chains through its full-stack technology platform, which integrates IoT automation, AI/ML analytics, and real-time farm monitoring.
Leadership and Vision
Hemasundar Dhavili, Co-Founder and COO of AquaExchange, emphasized the company's commitment to enhancing the sustainability and quality assurance of seafood supply chains. "Our goal is to ensure technology-backed food security for the future," said Dhavili. The startup aims to leverage its technology to improve the availability and sustainability of seafood globally.
Strategic Use of Funds
AquaExchange plans to utilize the newly acquired funds to scale its international technology business and expand its domestic market share. The company is also looking to deepen its presence across upstream segments of the aquaculture value chain. Furthermore, AquaExchange intends to extend its technology platform into additional agricultural asset classes, aiming to unlock efficiencies similar to those achieved in aquaculture.
Future Projections
The company projects significant growth, estimating revenue of ₹275 crore for the fiscal year 2026. AquaExchange's operations currently span five Indian states, monitoring over 80,000 acres of aquaculture farms. The startup's innovative solutions are designed to help farmers, producers, and supply chain participants optimize their operations through digitization.
Conclusion
With this latest funding round, AquaExchange is well-positioned to enhance its technological offerings and expand its influence both domestically and internationally. The investment underscores the growing interest in sustainable aquaculture solutions and the role technology can play in transforming traditional industries.